euro adhoc: AvW Invest AG
other
AvW increases investment in Ecotel to more
than 10 per cent
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
21.09.2007
The Austrian company AvW Invest AG has acquired a nearly 2 percent package of shares in the German telecom provider Ecotel (E4CG.DE). "This was a unique opportunity, which has arisen at short notice and which, at that price, we have gladly seized", says Wolfgang Auer von Welsbach, Chairman of the AvW Board of Management. In total, the AvW Group now holds more than ten percent of the stock of Ecotel, which currently is experiencing strong growth. Further investments in growth companies are a distinct possibility.
"The current situation on the stock markets offers exciting investment opportunities. Particularly in the small and mid cap arena, there are a number of interesting companies that can be acquired at favourable conditions. This is an opportunity that we will certainly not miss," says Mr. Auer von Welsbach.
Ninth real estate property
The AvW Invest AG also has acquired a further real estate property in Carinthia. This takes the total number of AvW´s real estate properties in Austria, which also include properties located on Lake Wörthersee, to nine. "It is our goal to acquire one new property every year. The purpose of this strategy is to build up our level of capital assets and to safeguard the value of our investment portfolio," says Auer von Welsbach. The company´s real estate investments focus on building sites in prime locations and on agriculture and forestry properties.
About AvW INVEST AG
The AvW Invest AG, which is domiciled in Krumpendorf at Lake Wörthersee, is active in three core business areas: financial services, equity participations and real estate, with the latter being the company´s smallest business segment.
AvW´s shares are listed on the Vienna Stock Exchange on the ATX Prime Market (ISIN number: AT0000930409, Reuters: AVWI.VI, XETRA Vienna: AWS). More information about AvW is available on the Internet at www.avw.eu.
end of announcement euro adhoc 21.09.2007 08:34:54
Further inquiry note:
AvW INVEST AG
Mag. Brigitte Burger
Tel.: 04229/3621-24
mailto:b.burger@avw.eu
Branche: Financial & Business Services
ISIN: AT0000930409
WKN: 892661
Index: Prime.market
Börsen: Börse Frankfurt / free trade
Börse Stuttgart / free trade
Wiener Börse AG / official dealing